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Congress Financial Reform

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  • BEIJING/ SHANGHAI, May 25- China's top banking regulator, Shang Fulin, said he expects the amount of non-performing loans at commercial banks to continue to rise, and warned of increased risk from real estate finance, local government fundraising vehicles and unconventional forms of debt, sources with direct knowledge told Reuters. The sources cited a speech...

  • WASHINGTON, May 21- The largest overhaul of U.S. financial industry reform since the 2008 crisis hit a roadblock on Thursday, as a regulation relief bill passed a Senate committee with zero Democrats in support. Wall Street dodged a tough provision as Republican Senator David Vitter withdrew his amendments, the most significant being a minimum 10 percent...

  • May 21- The Kuala Lumpur- based Islamic Financial Services Board is preparing guidelines for Islamic capital market products, retakaful and stress testing, as the industry body tightens oversight of market practices. IFSB guidelines allow national financial regulators to have the final say on how they apply standards, but its prescriptive approach is...

  • *Ex-regulator Sants to lead review of UK competitiveness. FRANKFURT/ LONDON, May 19- Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. It is not the only one to rethink...

  • WASHINGTON, May 14- The top U.S. derivatives regulator said on Thursday that his agency has directed exchange market operator CME Group Inc to beef up its enforcement staff and develop plans to detect manipulative "spoofing" tactics. Commodity Futures Trading Commission Chairman Tim Massad discussed the agency's recommendations to CME in prepared...

  • HONG KONG, May 14- Shadow banking, a term often associated with murky funding, is emerging as an important source of credit for the real economy at a time when capital-strapped banks are reluctant to lend, regulators told Reuters. Yet, regulators should allow new forms of non-bank finance to develop if enough trust can be built in those systems, said Greg Medcraft,...

  • Issues like the cost of trading on exchanges, trading incentives and broker standards, were discussed by the U.S. Securities and Exchange Commission's Market Structure Advisory Committee at its day-long meeting in Washington, D.C. The panel's 17 members include representatives from fund companies, an exchange, off-exchange trading venues, dealers and...

  • WASHINGTON, May 12- A draft Republican bill in the U.S. Senate takes aim at bank rules and insurance regulations, also limiting restrictions on mortgage requirements and proposes restructuring the Federal Reserve and other financial regulators. The 216- page, eight section report released on Tuesday was crafted by the staff of Senator Richard Shelby of...

  • Benjamin Lawsky, New York's financial services regulator, said on Monday he hopes to propose new cybersecurity regulations for banks and insurance companies under his aegis by year-end. "The one thing we find to be an existential threat right now is whether our financial institutions and systems are adequately protected when it comes to cybersecurity,"...

  • DIARY- Top Economic Events to May 25 Monday, 11 May 2015 | 8:01 PM ET

    WASHINGTON- U.S. Treasury Department will host its annual State Small Business Credit Initiative conference. NEW YORK- Federal Reserve Bank of San Francisco President John Williams speaks on the economic outlook before the New York Association for Business Economics- 1645 GMT. WASHINGTON- Former Federal Reserve chair Alan Greenspan speaks before the 17th...

  • The good and bad of investing in Myanmar Monday, 11 May 2015 | 6:21 PM ET
    The long road to investing in Myanmar

    CNBC's Eunice Yoon speaks to Dale Jones, country manager at RMA Myanmar, about the investment opportunities and challenges in Myanmar.

  • May 11- Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock. Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said. The company has raised more than $100 million in funding, with backers such as W Capital Partners,...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to riskier small businesses and the rural sector, even though the banking sector reported a jump in troubled loans in the first quarter. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4 percent,...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to small businesses and the rural sector, a move that may bolster the cooling economy but also risks saddling banks with more troubled loans. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4...

  • NEW YORK, May 7- ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State's banking law, becoming the first virtual currency company to receive a charter in the state, according to New York's Department of Financial Services. New York's Department of Financial Services is expected to issue regulations for bitcoin and other...

  • WASHINGTON, May 6- The chairman of the Senate Banking Committee is pushing ahead with a bill to ease rules across sections of the financial industry after the first round of efforts to work with his Democratic counterpart failed. The bill could also seek to ease regulations on regional banks such as Comerica Inc and insurers such as Allstate Corp and curb the...

  • Bankers, regulators sound warning siren on bonds Wednesday, 6 May 2015 | 12:00 AM ET
    Representative Barney Frank, a Democrat from Massachusetts.

    Wall Street chieftains, huge investment firms and top bank regulators are warning that the world's bond markets are in danger of breaking down. The NYT reports.

  • RIO DE JANEIRO, May 5- Brazil's securities industry regulator accused the former board of state-run oil producer Petrobras of setting a fuel pricing policy that misguided investors and hurt the company. The former board, chaired for years by then-Finance Minister Guido Mantega, approved a $221 billion, 2014-2018 investment program with specific debt...

  • Indian Fin Min: Reforms and stocks are unrelated Monday, 4 May 2015 | 8:11 PM ET
    Indian Fin Min: Reforms and stocks are unrelated

    Arun Jaitley, minister of finance of India, says India's stock market has "its own logic" and comments about how stalling reforms are weighing on stocks are "completely unfounded."

  • WASHINGTON, April 30- U.S. financial regulators on Thursday issued a rule subjecting real estate appraisal companies to tighter oversight after lax lending standards in the mortgage market contributed to the 2007-09 financial crisis. The regulation allows states to register and supervise these so-called appraisal management companies, which value...